Wednesday , November 20 2019
Home / Tag Archives: trade (page 3)

Tag Archives: trade

Increased BD apparel exports can create more jobs: WB reports

Increased appeal exports could create more and better jobs in Bangladesh if the country makes improvement in productivity and product quality by enforcing a better safety condition and other compliance policies, said a World Bank report. The report, released on Monday, said successful implementation of reforms will help Bangladesh increase exports and capture more jobs from China’s gradual exit from ... Read More »

Cameron appoints Rushanara as BD trade envoy

Dhaka – British Prime Minister David Cameron has appointed Rushanara Ali, a Labour Party MP for Bethnal Green and Bow, to join the cross-party trade envoy network as a trade envoy for Bangladesh. The appointment, made on the occasion of Bengali New Year ‘Pahela Baishakh’, underlines the ‘importance’ the UK attaches to its trade and investment partnership with Bangladesh. Read More »

No TICFA until GSP:Tofail

Commerce Minister Tofail Ahmed has told Parliament that the Trade and Investment Cooperation Framework Agreement (Ticfa) with the United States would not be effective until restoration of the Generalised System of Preferences (GSP) for Bangladesh.”The Ticfa will not be effective until we get back GSP facilities,” he said on wednesday replying to a supplementary question from treasury bench MP Shamim ... Read More »

$30 million export orders at Dhaka International Trade Fair

The amount is more than twice the orders received in last year’s fair, which was somewhat paralysed by the BNP-led alliance’s violent protests.Commerce Minister Tofail Ahmed revealed the information at the closing ceremony on Sunday.Last year, Bangladeshi businesses received orders of $12.1 million.“The fair does not only aim at exhibition. All related parties get the opportunity to compare their products ... Read More »

Iran’s return risks more price pressure

Iran’s intention to significantly increase oil output after the lifting of international sanctions risks more pressure on crude prices already at 12-year lows, according to analysts.Oil prices tumbled by more than 30 per cent last year and have slumped by a further 20 per cent since the beginning of 2016 – culminating in drops below $30 a barrel last week, ... Read More »

TIB finds graft, irregularities in RMG export supply chain

Dhaka – A number of foreign buyers of ready made garments (RMG) are exploiting the Bangladeshi suppliers through buying products from them and then later terming them as ‘non-compliant’, a research report of Transparency International Bangladesh (TIB) saidon Thursday. TIB, at a press conference in its headquarters in the capital shared the findings of the research on “The role of ... Read More »

Nairobi green signal for continued US trade-distorting agri-exports

Nairobi/New Delhi (D. Ravi Kanth) — The Nairobi “deliverable” on export competition on Saturday (December 19) provided a major victory for the United States, which secured the green signal to continue with its current trade-distorting agri-export programs with export credits, and food aid. The US, Brazil and the EU also ensured that India did not get the language it proposed ... Read More »

WTO 10 Ministerial went down to wire, US intransigent

Nairobi (D. Ravi Kanth) — The World Trade Organization’s tenth ministerial conference, scheduled to ended December 18 went down to the wire because of the intransigent positions adopted by the United States. The US is refusing to allow any mention of the Doha negotiations in the proposed Nairobi deliverables as well as the reaffirmation for continuing with the Doha Development ... Read More »

17-year exemption from pharmaceuticals patents for LDCs agreed

London (Sangeeta Shashikant) – The United States and the Least Developed Countries (LDCs) at the World Trade Organization have reached agreement ad referendum on a pharmaceutical patent exemption for a duration of 17 years, according to trade diplomats. With this exemption, the world’s poorest nations will not be obliged “to implement or apply” or “to enforce” patents as well as ... Read More »

10-year US offer for pharma patent waiver ‘Unconscionable, indefensible’

London (Sangeeta Shashikant) – The United States’ offer to least developed countries of a 10-year transition period to grant pharmaceutical patents is  “unconscionable and indefensible”, according to six influential US non-governmental organisations (NGOs). In a letter dated 19 October to President Barack Obama, the NGOs conveyed this strong criticism in view of the public health and other developmental challenges facing ... Read More »

Oil sinks 4 percent, hits fresh six-and-a-half-year low on China

Oil prices fell more than 4 percent to fresh 6-1/2-year lows on Monday after Chinese stock markets suffered their biggest one-day drop since the global financial crisis, intensifying worries over the outlook for global oil demand.Inaction by the Chinese government following an 11 percent rout in local stock markets last week encouraged a free-fall in global equities and other commodities on Monday. Read More »

US oil fall longest in 29 years after China data

US oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world’s biggest energy consumer. Activity in China’s factory sector shrank at its fastest pace in almost 6-1/2 years in August as domestic and export demand dwindled, adding ... Read More »

No politics in GSP denial for Bangladesh, says US Ambassador Bernicat

Commerce Minister Tofail Ahmed sees politics behind the US decision to deny Bangladesh products GSP, but US Ambassador in Dhaka Marcia Bernicat disagrees.After visiting a few readymade garment factories in Gazipur on Tuesday, Bernicat told reporters that ‘there was no politics behind the US decision’.”Bangladesh has tried hard to fulfil the 16 conditions laid down by the US for revival ... Read More »

GSP restoration if measures implemented in full: US envoy

US Ambassador in Dhaka Marcia Stephens Bloom Bernicat on Wednesday said the US will restore Generalised System of Preferences (GSP) for Bangladesh if it fully implements specific measures listed in the GSP Action Plan for it. She made the remark while talking to journalists after visiting two readymade garment units in Gazipur to assess working environment and compliance issues. Bangladesh ... Read More »

US keeps B’desh outside GSP, It’s political, Tofail

As indicated earlier in January this year’s review, Bangladesh has been excluded in the renewal of Generalized System of Preferences (GSP). On June 29, 2015, President Barack Obama signed into law a bill (H.R. 1295), that reauthorises the GSP through Dec 31, 2017, according to Office of the United States Trade Representative (USTR). Read More »

US pushes for B’desh RMG workers’ safety and rights

The US will continue to engage with Bangladesh to strengthen the readymade garment (RMG) sector of Bangladesh by ensuring workers’ right and safety, according to American Ambassador Marcia Bernicat. “Together with you (BGMEA), the other international partners and the brands, I am confident we are building a better and more productive RMG sector and demonstrating to the world that business ... Read More »

Asia stocks up as China steadies, wary of Fed

Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the US Federal Reserve. The CSI300 index of the largest listed companies in Shanghai and Shenzhen gained 0.6 percent in choppy morning trade, while the Shanghai ... Read More »

Golam Fakhruddin Ahmed Chowdhury new Managing Director of BTCL

The Information and Communication Technology (ICT) Division’s Additional Secretary Golam Fakhruddin Ahmed Chowdhury has been appointed Managing Director of Bangladesh Telecommunications Company Limited (BTCL). Public administration ministry issued a circular to this effect on Tuesday.Previously, he served in the Office of Controller of Certifying Authorities as its chief. Read More »

Bangladesh Bank plans to disburse Tk 164 billion in agricultural credit, eyes 5.47% rise

The Bangladesh Bank aims to distribute Tk 164 billion as agriculture and rural credit in 2015-16 fiscal year (FY). Governor Atiur Rahman disclosed the plan on Monday while announcing the bank’s agriculture and rural credit policy.The target had been set on the basis of the private and specialised banks’ own targets, the net gross credit and advance of foreign banks, ... Read More »

Onion prices at near two-year highs on weak monsoon rains

The price of onions, a staple that has sparked protests in the past and toppled state governments, has jumped to its highest in nearly two years and could fuel food inflation as scant rain delays plantings.Persistently high food prices, mainly for onions used in everything from bhajis to biryanis, are politically sensitive in India as more than a quarter of ... Read More »

PM wants int’l buyers to raise BD RMG prices

Prime Minister Sheikh Hasina on Wednesday asked foreign buyers to raise the prices of Bangladeshi garment products which will ultimately be spent on ensuring the further welfare of RMG workers. The Prime Minister made the request when Dutch Ambassador to Bangladesh Gerben de Jong paid a farewell call on her at her office. PM’s Press Secretary Ihsanul Karim briefed reporters ... Read More »

Cattle smuggling: Bangladesh’s dangerous road to fortune?

Rock Ronald Rozario and Stephan Uttom For Abdur Razzak cows conjured up images of fortune. He knew that acting on such thoughts would be dangerous and even cost him his life. Illiterate and impoverished, this Muslim villager found no other way out and so for the past 20 years he made a small fortune smuggling cows from nearby India into ... Read More »

Meat prices soar ahead of Eid

Traders in various Dhaka markets have hiked meat prices ahead of upcoming Eid-ul-Fitr, allege consumers.Bangladesh Meat Traders’ Association says chicken and mutton sellers have increased prices without good reason. Read More »

Quamrul questions newsreports that Brazil wheat were rotten

Minister for Food Advocate Quamrul Islam yesterday questioned the authenticity of newspaper reports regarding the imported wheat from Brazil describing it to be rotten. “Actually the Brazilian wheat does not look beautiful but their quality is good,” he observed while replying to a supplementary question from Independent lawmaker Pir Fazlur Rahman. Abdul Wadud Dara, chairman of Parliamentary Standing Committee on ... Read More »